Matet’s Kitchen

Matet’s Kitchen

Food Products

Food Products

Overview

Raised this Round: Raised: $29,697

Total Commitments ($USD)

Platform

Honeycomb

Start Date

07/31/2023

Close Date

08/30/2023

Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Year Founded

2021

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

WASHINGTON, District of Columbia

Business Type

Life Style

Matet’s Kitchen is raising funds on Honeycomb. It is a food products company in Washington, DC that specializes in authentic and rich Filipino flavors. Matet’s Kitchen’s products are made using the finest ingredients and derive taste and flavors from the rich culture of the Philippines. The flagship product of Matet’s Kitchen is its vegetarian and vegan lumpia or the Filipino spring roll. Marcia DeVore and Christopher DeVore founded Matet’s Kitchen in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for product packaging, working capital, and production branding design updates.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,862

$7,670

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-13,209

$1,648

Summary Balance Sheet

FY 2022 FY 2021

Cash

$15,481

$2,195

Accounts Receivable

$647

$100

Total Assets

$16,666

$2,967

Short-Term Debt

$23,972

$0

Long-Term Debt

$0

$0

Total Liabilities

$23,972

$0

Financials as of: 07/31/2023
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Matet’s Kitchen on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

Follow company

Follow Matet’s Kitchen on Honeycomb 2023

Buy Matet’s Kitchen's Deal Report

Warning: according to the close date for this deal, Matet’s Kitchen may no longer be accepting investments.

Matet’s Kitchen Deal Report

Get KingsCrowd’s comprehensive report on Matet’s Kitchen including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Matet’s Kitchen is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Matet’s Kitchen deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge